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ORV Reports Successful Start to Year

Restructuring efforts have paid off at Italian nonwovens maker.

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By: Karen McIntyre

Editor, Nonwovens Industry

Following a drastic restructuring in 2013, ORV, the Italian-based nonwovens manufacturer is reporting a positive trend in the first half of 2015. The restructuring involved a tough series of cost reduction initiatives to better align its cost structure with the headwinds of today’s highly competitive environment.
 
“The current results confirm the smartness of the market and  technology repositioning actions we carried out in 2013,” says Stefano Lupi, CEO, “All the initiatives aimed to financially stabilize the company have been successfully implemented and now ORV Manufacturing is able to generate enough cash to sustain its business and  pay back the debts resulting from the past seasons, without the need of any external financial sources such as banks.”
 
Lupi went to say that as the restructuring efforts wind down, the company is now in the preliminary stages of examining which future investments would best support furutre growth.
 
ORV is based in Italy with two plants located close to Padova. Its key markets are automotives, filtration and clothing.

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